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IP Management and Subsequent Commercialisation Activity
Technology Development Fund
IP Management and subsequent Commercialisation Activity
PBL will manage the IP that is the subject of a TDP as part of its usual technology transfer operation. Commercialisation will most likely be through licensing by PBL to suitable industrial parties, but vesting of TDP-developed IP into spin-out/start-ups may be appropriate in certain cases. TDP funds will not be applied as direct equity investments into start-up companies – unless in exceptional cases, where we will first obtain BBSRC approval.
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